Discussion Question Week 6 Econ

Business
Name:
Institution:
While the movie 'the house of Rothschild' details the toil of the Jews to be accepted in Frankfurt, Germany, which was part of Prussia at the time, there is a lot of reference to the influences of the bank on the economy of a nation. Mayer Rothschild understood that the banking system was one of the most powerful organs of the economy and through it his people would finally find the freedom that they were seeking. The element of control on the economy and war that the banks had is a close reflection the same role that Wall Street plays today. In highlight, 2008 was one of the years when the US economy and some of the economic systems across the globe experienced a crisis that threatened to bring the states down. This was actually as a result of failure by the big Wall Street banks. This was synonymous with the influence that Nathan and his bank had on Wellington’s victory and the rise o...